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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 875472 times)
jjiimm_64
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December 11, 2014, 02:45:09 PM
 #11261

i very rarely do this, but it's necessary on this occasion.




yah.. me to... I only have about 3 or 4 ignores .... ice is now one of them.. what a dickhead.

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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MrTeal
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December 11, 2014, 03:01:41 PM
 #11262

While in general I tend to agree with the concept that the units were denominated in USD and refunds would have been that amount, in jjiimm_64's case he was explicitly promised his BTC51 back, with no exclusions. If Hashfast was worried about unlimited liability on the BTC51 in the event that Bitcoin went to $1M, the simple solution would be to just not convert that BTC to USD. Yes that opens up the possibility that BTC would go to 0 and their payment is now worthless, but that's the choice they make when they offered him a full BTC51 refund.
jjiimm_64
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December 11, 2014, 03:04:47 PM
 #11263

While in general I tend to agree with the concept that the units were denominated in USD and refunds would have been that amount, in jjiimm_64's case he was explicitly promised his BTC51 back, with no exclusions. If Hashfast was worried about unlimited liability on the BTC51 in the event that Bitcoin went to $1M, the simple solution would be to just not convert that BTC to USD. Yes that opens up the possibility that BTC would go to 0 and their payment is now worthless, but that's the choice they make when they offered him a full BTC51 refund.

EXACTLY.  I had 250 coins that were offline, to be saved... when HF convinced me that my coins where safe if I did not get the hardware.

edit:  i ended up ordering 4 BJ at about 211btc.

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
Syke
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December 11, 2014, 04:36:25 PM
 #11264

The only legal course of action was for HF refund the purchase price (which as always denominated in USD) in fiat.

Now you're calling Cara a liar. We're making progress!

Buy & Hold
RoadStress
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December 11, 2014, 04:56:54 PM
 #11265

So let me get this straight. If 1M$ per bitcoin is too much, if 500$ per bitcoin is too much who sets the limit? How should customers interpret the statement from the HF rep? If bitcoin was 200$ would they get 51 bitcoins as refund? What about at 150$ per bitcoin?

Also by your statement HF never intended to fully refund everyone from Batch 1 after their missed deadline. They had some money for some of the customers, but not for all. So they broke their own ToS by not having money for everyone from Batch 1. Am I reading this correct? HF took money for 4(?) batches and never had any plan/back-up plan to fully refund everyone from Batch 1.

The only legal course of action was for HF refund the purchase price (which as always denominated in USD) in fiat.

It would be no different if you wanted a refund for an exact number of Euros or Yen.

HF is simply not liable for fluctuations in media of exchange provided as a convenience.  That's not how it works.  Ask any lawyer.

This has already been explained several times; you and Skye are unbelievably slow learners.

Fiat or no fiat HF never had money to refund everyone in Batch 1. They have lied in their ToS plain and simple. Thank you for clarifying that!

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
2112
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December 11, 2014, 05:13:21 PM
 #11266

HF had did save some coins but had to sell them to pay for refunds and other expenses.
Selling bitcoins to pay refunds denominated in bitcoins?

Our intellectual bulldozer seems to be running on the last fumes to power his bulldozery.

I always had trouble understanding the "fun" part in "scamming Bitcoiners for fun and profit", but after reading some threads in the mining section I think I begin to understand how some people derive fun in those situations.

Please comment, critique, criticize or ridicule BIP 2112: https://bitcointalk.org/index.php?topic=54382.0
Long-term mining prognosis: https://bitcointalk.org/index.php?topic=91101.0
RoadStress
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December 11, 2014, 05:21:46 PM
 #11267

HF had did save some coins but had to sell them to pay for refunds and other expenses.
Selling bitcoins to pay refunds denominated in bitcoins?

Our intellectual bulldozer seems to be running on the last fumes to power his bulldozery.

I always had trouble understanding the "fun" part in "scamming Bitcoiners for fun and profit", but after reading some threads in the mining section I think I begin to understand how some people derive fun in those situations.

Read other expenses as Simon & team salaries/siphoning money out of the company. Also the real ratio between refunds and other expenses is in favor of other expenses.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
jjiimm_64
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December 11, 2014, 05:37:28 PM
 #11268

HF had did save some coins but had to sell them to pay for refunds and other expenses.
Selling bitcoins to pay refunds denominated in bitcoins?

Our intellectual bulldozer seems to be running on the last fumes to power his bulldozery.

I always had trouble understanding the "fun" part in "scamming Bitcoiners for fun and profit", but after reading some threads in the mining section I think I begin to understand how some people derive fun in those situations.

Read other expenses as Simon & team salaries/siphoning money out of the company. Also the real ratio between refunds and other expenses is in favor of other expenses.

I am pretty sure they have btc offline somewhere... I know from my payment, 2 steps away 1 or 2 weeks after payment is a 3000 btc addy.

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
RoadStress
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December 11, 2014, 05:58:45 PM
 #11269

I am pretty sure they have btc offline somewhere... I know from my payment, 2 steps away 1 or 2 weeks after payment is a 3000 btc addy.

Maybe we should do something to invoke our forensics forum member Gleb to trace HF coins.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
jjiimm_64
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December 11, 2014, 07:10:57 PM
 #11270

I am pretty sure they have btc offline somewhere... I know from my payment, 2 steps away 1 or 2 weeks after payment is a 3000 btc addy.

Maybe we should do something to invoke our forensics forum member Gleb to trace HF coins.

here are my 210 coins.. and many others!

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9



Public Note: This pos is currently holding around $2M worth of HashFast's creditors money and will do whatever he can to block the rightful restitution of the amount to the people he stole from.


edit:

as you can see, this was the 250 I had in a vanity addy:  1jimbit4n64hDR74dAFeuj2nCDtuLZ6oT



https://blockchain.info/address/1jimbit4n64hDR74dAFeuj2nCDtuLZ6oT

https://blockchain.info/address/1DaNMtrcVX5zfuRCNCKQgVN7qvPm8qZooU
https://blockchain.info/address/17hCi8apMUkzzLLJgUwfXxRJuykuo5Lcur
https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9





1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
jungle_dave
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December 11, 2014, 09:40:59 PM
 #11271

So, just out of curiosity,
Did Hashfast ever pay anyone. I was double scammed via a group buy here, live and learn..
 
Legend21
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December 12, 2014, 01:26:42 AM
 #11272

Simon Barber and Eduardo de Castro, both must go in the baddest jail, and throw away the key.


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RoadStress
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December 12, 2014, 02:26:42 AM
 #11273

So, just out of curiosity,
Did Hashfast ever pay anyone. I was double scammed via a group buy here, live and learn..
 

I do recall there were a couple of people that cashed their $ refund. But that's just a couple. As our tard shill explained HF never had enough money to fully refund everyone from Batch 1 because that's that HF is good at. Taking a shit ton of pre-order money and not being able to deliver anything.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
ProfMac
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December 12, 2014, 02:38:58 AM
 #11274

If you just give me money now, I'll promise up front not to return any of it.  I'll even give you a sincere, hand written thank you note.  I'm even willing to take a friend anywhere in the world and send nice pictures if we raise enough funds.

I also have some Batch 2 Avalons.  I can throw in random pictures from them from time to time. 

No fraud, no deception, no lawsuits, no anger.  Way better all the way around.

I try to be respectful and informed.
Syke
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December 12, 2014, 02:39:40 AM
 #11275

So, just out of curiosity,
Did Hashfast ever pay anyone.

Simon and Eduardo got paid lots!

Buy & Hold
jungle_dave
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December 12, 2014, 05:11:41 AM
 #11276

So, just out of curiosity,
Did Hashfast ever pay anyone. I was double scammed via a group buy here, live and learn..
 

I do recall there were a couple of people that cashed their $ refund. But that's just a couple. As our tard shill explained HF never had enough money to fully refund everyone from Batch 1 because that's that HF is good at. Taking a shit ton of pre-order money and not being able to deliver anything.

I had "shares" in batch 1, batch 2 and the upgrades promised.

Maybe Icebreaker would like to refund the cash value in US dollars to me personally.
If he did out of the goodness of his heart having nothing to do with hashfast just being the stand up guy he says he is, it would be great.

btc WALLET
17EP7EceUBEQ4AFY14onKZHruM7Yg5xBUw

or btc-e voucher in USD, RUR or euro. Its about $800.
No big deal since we all support each other and love the crypto world so, if you do I will post what a great guy you are. BTW my kid has diabetes and we need an insulin pump as of recently so everything helps.

Thanks in advance Ice,

Your sponser,

Dave
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December 12, 2014, 06:00:31 PM
 #11277

Simon and Eduardo got paid lots!
Simon, Edward, John, Tim, Amy, etc... There is a very long list of people that made a lot of money out of this lying to you.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
iCEBREAKER
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December 13, 2014, 04:35:07 AM
 #11278

HF had did save some coins but had to sell them to pay for refunds and other expenses.
Selling bitcoins to pay refunds denominated in bitcoins?

Our intellectual bulldozer seems to be running on the last fumes to power his bulldozery.

I always had trouble understanding the "fun" part in "scamming Bitcoiners for fun and profit", but after reading some threads in the mining section I think I begin to understand how some people derive fun in those situations.


You're not paying attention and getting confused.  You also ignored the key phrase "and other expenses."

HF wanted to give customers the option of refunds in BTC.  That option was precluded by the legal scrutiny/expenses brought by PMorici, etc.

This is isn't hard; this has been explained at least five times already.

"Bulldozer?"  Bah, I eat a bowl full of those for breakfast.  I am a 75,000 HP icebreaker powered by fission, not "fumes."   Cool


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iCEBREAKER
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December 13, 2014, 05:03:59 AM
 #11279

While in general I tend to agree with the concept that the units were denominated in USD and refunds would have been that amount, in jjiimm_64's case he was explicitly promised his BTC51 back, with no exclusions. If Hashfast was worried about unlimited liability on the BTC51 in the event that Bitcoin went to $1M, the simple solution would be to just not convert that BTC to USD. Yes that opens up the possibility that BTC would go to 0 and their payment is now worthless, but that's the choice they make when they offered him a full BTC51 refund.

J64 was not promised 51 coins back WITH NO EXCLUSIONS.  You and the others are adding in a "no matter what"' clause where none existed, or can be reasonably inferred to exist.  The legal standard for interpreting such a statement is ceteris paribus, not whatever wishful thinking buyers' remorse creates after the fact via argumentum ad butthurts.

How was HF supposed to pay for the pre-ordered devices to be built, if they didn't convert the BTC?  Magical charity elves?  Cargo cult ceremonies?

Nobody was misled into believing in a secret HF escrow or hedge fund.  The TOS don't mention escrow or hedge funds and BitPay is an affirmative repudiation of that conspiracy theory.

Thanks for discussing this like an adult, without resort to the childish 'OMG I'M IGNORING YOU LA-LA-LA I CANT HEAR YOU SO I WIN THE ARGUMENT EVEN THO I LOST IN COURT' approach, which is just a concession by another (less honest) method.

It's amazing how many people refuse to acknowledge they were taking a huge risky gamble on ASIC pre-orders, and not simply buying a toaster from Amazon.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
iCEBREAKER
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December 13, 2014, 05:18:07 AM
 #11280

It's obvious Hashfast made promises they could not keep because they never hedged. They did not keep a sizeable buffer of refund money in BTC. They did not get a reinsurance contract with a company like Swiss Re.

That shows either malicious intent or incompetence.

HF never claimed to be hedging with our BTC.  Where did you get the idea they were?  You just pulled that out of your ass.

Judge Montali specifically asked the US ATTY for evidence of fraud and/or incompetence.  She could not produce any.

At tremendous expense, about a dozen lawyers have gone over HF with a fine-tooth comb and found nothing amiss.

Businesses fail all the time due to nothing except bad luck and adverse market conditions, despite what PM's shitty atty says.

Get over your conceit that you are so smart only an evil villain could possibly cause you to lose BTC.

You had months in court to prove that, but completely failed to do anything but destroy our chances for compensation.

How much of a fuckwit are you to keep repeating debunked conspiracy theories about reinsurance and buffers, when such notions never had a basis in reality?

The only malicious intent and incompetence in this situation is to be found on the haters' side, in the form of defamation and repetition of buyer's remorse masquerading as cause for offense.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
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